Features

Open Banking is here: what this means for you

- July 1, 2020 4 MIN READ

In Australia, open banking has been a term bounced around in the financial sector since 2017. Only in the last two years we have seen movement, and the Big Four banks (CommBank, NAB, Westpac and ANZ) have begun beta testing since legislation passed in 2019, says Erich Gerber, Senior Vice President, APJ and EMEA, TIBCO… Read more »

Features

Accountants are the silent heroes of the COVID-19 (economic) fight

- June 11, 2020 3 MIN READ

Whilst health workers are undeniably at the front line of the fight against the COVID-19 pandemic, there is another cohort of silent heroes – accountants and tax agents, writes Wayne Debernardi, General Manager  Institute of Public Accountants. The Institute of Public Accountants (IPA) has a large contingent of members in public practice, predominantly small accounting… Read more »

Features

Three ways the new open banking scheme can benefit small business

- January 1, 2020 3 MIN READ

A huge change is already underway in Australia’s banking sector. And, in January, consumers and businesses can finally experience some of its benefits first-hand, writes Steve Kemp, Head of Financial Institutions Partnerships APAC and Emerging Markets, Intuit. Since last year, regulators, Australia’s Big Four banks (NAB, Commonwealth, ANZ and Westpac) and a test working group… Read more »

Business Advice

Small business insolvencies rise as economy worsens

- November 6, 2019 2 MIN READ

“It’s the canary in the coal mine,” warns Patrick Coghlan, CEO of CreditorWatch as small business insolvencies rise 20 per cent over the last quarter, an increase of 8 per cent year on year. Coghlan suggests the rise in businesses being declared insolvent doesn’t bode well for the economy. Coghlan’s comments follow the release of… Read more »

NAB

A business plan is your pathway to small business success

- August 20, 2019 < 1 MIN READ

Do you have a business plan? You should. They are vital to the success of any business. A great business plan will explain the aims and objectives of your business and help you roadmap your business growth. A business plan can help your business set strategies for years to come and is a useful tool when… Read more »

Features

The benefits of small business loans from online lenders

- June 21, 2019 2 MIN READ

As the end of financial year approaches, many small business owners are considering taking advantage of the government’s $30k instant asset write-off. For many SMBs this requires access to finance. However, the Reserve Bank of Australia recently reported one in five small businesses struggle to gain finance from a traditional lender, indicating it’s time business… Read more »